Description:

Iran\'s Vice President for Strategic Planning, Mohammad Baqer Nobakht, in a press conference answered questions about the country\'s draft budget bill. The document was presented to Iranian Parliament by Iran\'s president Hassan Rouhani on Sunday. The 315 billion dollar draft budget bill is 7.5 percent more than last year\'s budget. It is made up of general budget which is 7.3 percent less and company budget that is 9.6 percent more than last year\'s budget. Nobakht stated that the increase in company budget sends an economic message to the private sector. Iranian Vice President added that the budget is set based on revenues mostly from taxes and customs, then oil revenue and last but not least government companies\' earnings.